Dog Island, Franklin County, Florida Property Taxes
Median Dog Island, FL effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Dog Island, FL home value: $481,081
Median annual Dog Island, FL tax bill: $2,977, $577 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Dog Island, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Dog Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dog Island, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dog Island, Franklin County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$6,110
$5,670
Property Tax Rates Across Dog Island, Franklin County, Florida
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dog Island Tax Rate
1.27%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin County Tax Rate
0.87%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dog Island, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Dog Island, Franklin County, Florida
When examining property taxes in Dog Island, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Dog Island. For example, the median home price in Dog Island is $481,081, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Dog Island, Franklin County, Florida
Source: Ownwell
$61,845
$308,836
$555,827
Median Dog Island Market Value
$481,081
Median Franklin County Market Value
$239,550
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dog Island, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Dog Island, Franklin County, Florida
In Dog Island, located in Franklin County, Florida, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county property appraiser and reflects the market value of the property. Homeowners in Dog Island experience a range of tax bills, with the 25th percentile at $2,437 and the 75th percentile reaching $4,104, indicating a broad spectrum of tax obligations. Compared to the national median property tax bill of $2,400, many homeowners in Dog Island face higher tax bills, particularly those in the upper percentiles.
Several factors influence these tax bills, including property size, location, and market conditions. High property taxes can significantly impact homeowners' finances, making it essential to explore potential savings. Ownwell assists homeowners by identifying opportunities for tax appeals and exemptions, potentially reducing their tax burden. With expertise in local property tax regulations, Ownwell can effectively navigate the appeal process, helping homeowners secure fair assessments and lower tax bills.
Median Dog Island Tax Bill
$2,977
Median Franklin County Tax Bill
$2,090
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Dog Island, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
